Employee-Owners Lose Less Sleep Over Their Financial Futures

Employee-Owners Lose Less Sleep Over Their Financial Futures

Employee-owners are much more confident about their personal financial futures than their peers.

The news remains mixed when it comes to the state of the U.S. economy. Seemingly for every good piece of data that comes out there is another to counterbalance the enthusiasm. And that’s leaving politics out of the equation. Perhaps that’s why so many Americans still seem so uneasy about their economic futures. But there is a group of people who are more optimistic about the economy and their place in it: employee-owners.

At a time when other studies have shown that most Americans would be thrown by an unexpected expense of just $500, employee-owners worry far less about meeting their monthly budgets compared to their peers. For example, while 38% of workers who don’t participate in an ESOP reported worrying whether they could pay their rent, just 4% of employee-owners shared that concern.

Some two-thirds of employee-owners in private ESOP companies also believe they have improved their own personal financial situation from a year ago compared to just 30% of their peers who just have a job and no equity stake in their place of business.